Holds Onto Recent Gains *RES 4:........>

SILVER TECHS: Holds Onto Recent Gains

*RES 4: $16.157 - 61.8% retracement of the Feb 24 - Mar 18 decline

*RES 3: $15.988 - High Apr 10 and bull trigger

*RES 2: $15.844 - High Apr 14

*RES 1: $15.635 - High May 8

*PRICE: $15.519 @ 07:00 BST May 12

*SUP 1: $15.226 - Low May 8

*SUP 2: $14.650 - Low Apr 30

*SUP 3: $14.547 - Low Apr 21 and key S/T support

*SUP 4: $14.245 - Low Apr 6

Silver is holding onto recent gains with a bullish theme intact. On Apr 21,

price bounced off $14.547, Apr 21 low. The recovery marked an early indication

that the corrective pullback between Apr 10 - 21 was over. While $14.547 holds,

attention is on a climb towards key resistance at $15.988, Apr 10 high. A break

would confirm a resumption of the uptrend. Sub $14.547 levels would instead be

bearish.